Critical Illness with Term Assurance is designed to pay out a lump sum when the person covered dies or is diagnosed with a terminal illness - where life expectancy is less than 12 months, or suffers or undergoes one of the specified critical illnesses or operations, during the term of the policy.
Critical Illness with Term Assurance can be used to help pay off a mortgage, provide a legacy or financial protection for a family member or friend.
If the sum paid out under this policy forms part of your estate, it may not be free of inheritance tax. We write every plan into a Trust